# Corporate Credit Unions
> **US National Credit Union Administration** · Final rule. · Published 2011-12-22 · Effective 2012-01-23 · 76 FR 79531
## Document
- **Document number:** 2011-32721
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 76 FR 79531
- **CFR reference:** 12 CFR 704
- **Publication date:** 2011-12-22
- **Effective date:** 2012-01-23
## Abstract

NCUA is issuing final amendments to its rule governing corporate credit unions (corporates). The final amendments make technical corrections to and clarify certain provisions of the rule. The amendments: delete the definition of "daily average net risk- weighted assets"; revise the definition of "net assets" to exclude Central Liquidity Facility (CLF) stock subscriptions; clarify certain requirements regarding investment action plans; clarify the weighted average life (WAL) tests; revise the consequences of WAL violations; substitute the term "core capital" for the phrase "the sum of retained earnings and paid-in capital"; correct a section heading; and correct a model form instruction.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/12/22/2011-32721/corporate-credit-unions)
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